Dublin 4 Investment Ballsbridge Opportunity Dublin 4
Total Page：16
File Type：pdf, Size：1020Kb
FOR SALE by Private Treaty Tenants not affected MOREHAMPTON HOUSE 8 MERRION ROAD DUBLIN 4 INVESTMENT BALLSBRIDGE OPPORTUNITY DUBLIN 4 T 01 6611233 www.realestate.bnpparibas.ie 01www.realestate.bnpparibas.ie 6611233 BNP Paribas Real Estate 20 Merrion Road, Ballsbridge, Dublin 4 T +353 1 6611233 [email protected] For Sale by Private Treaty Tenants not affected INVESTMENT SUMMARY Rare opportunity to acquire a mixed use investment in Tenants are Redcoral Catering Limited t/a “Insomnia” and the heart of Ballsbridge, Dublin 4 Morehampton Developments Limited. Ground floor Retail with modern offices overhead Passing rent of €132,500 p.a. exclusive. recently upgraded to a high specification. PARNELL STREET GARDINER ST LOW T MARLBO RUGHA S CATHAL B CONNOLLY ON STREET T STATION THOMA R BOL ARNELL STREET OUGH ST P ER S LANE T TUNNEL T STREE T O'CONNELL STREET O ALB E T WR MOORE STREE AC L P OT O POR ST LB L A T STREET T CATHEDRA AMIENS STREET SHERRIFF STREET UPPER OT N LB S L S C TA N’ TORE HMA ST APEL STREET FRENC T OR STREET L H BUS STATION Y RYDERS L OUGH P MA ROW EARL ST NT BOR JE EARL PL MARL IFSC LUAS R WO VIS STREET AS A LU T CE LFE T JE ONE S Y STREE OAD R VIS LANE UP HENR ACE T AIN ST D PL LITTLE GREEN ST CKVILLE PL TOM LITTLE BRIT SA OWER CUS HALS GEORGES HILL APPING STREET BERESFORD ST LIFFEY ST UPR R HOUSE GUILD STREET T W ON S ABBEY ST L RY STREET BERESFOR COMMONS STREET T MA CUSTOM HOUSE QUAY NEW ASTLEFORBES R W RY ST OLFE C LITTLE MA JE R The E VIS LANE UP Y T A Y’S LAN ONE S ABBEY ST MIDDLE MAR ARRAN STREET EAST QU O2 ST . EDEN MICHANS S C T R i v e CHURCH STREET APEL STREE r L i GREEK ST f f e y L R IF GEORGE'S QU F AY CHURCH ST EY ST Y UA T CITY Q TREE T JER STREE ARA U L AY ABBEY ST UPPER WR BURGH Q STREET MOSS T ALK TARA STREET VIS STREE Y H ABBE RY’S AWKINS MA BRIDGE LINK EAST e y POOLBEG STREET STATION T CHELOR'S W WESTMORELAND ST D'OLIER ST Y S T BA SIR JOHN R CHANCER OGERSON’S Q v e r L i f f AY STREET CHANCE R i QU UAY PRI T ON T CES LANE SQ ST RAND S AS SIR JOHN R ONDE TRE M ARRAN STREET EAST ET LITTL AS CHARLESOR STREET E T OGERSON’S Q R Y P R ON PL WE BEDFORD UAY L UAY LO ASDILL R WEST MERCHANTS i v e FO ORMOND Q R TOWNSEND STREET r L i f f OW e y A WNES ST WNES R ARRAN QU RCH AY OW FLEET ST R i v AY AY BAR e r L i f f e y ON QU L TEMPLE QU W C INN'S ORMOND WELLINGT RO ARD STREET USHER'S QUAY W N TEMPLE LANE SOU PEARSE STREET A QU ANGLESEA ST AY I LOMB Y F A E OW US HANO ST TA CECILIA ST MERCHANTS Q Y ESSEX QU NES ST UPR VER STREET QUA T ESSEX ST EA UAY WOOD CE ST COPE ST C R COLLEGE STREET Y OW S HANO BENSON STREET TH AMORE ST VER Q C Bord Gáis UAY WEST LU UA T SY S T ESSEX AS Theatre ARLIAMENT S ARLIAMENT N P COLLEGE GREE CH CR LANE U RCH TRI OSS DAME STREET PEARSE STREET ANAL Q N T ITY ST G r a n d C a n a E l OAD ARD STREE DAME LAN SUFFOLK S DW CITY FISHAMBLE ST W T LORD E R TRINITY O N AMBRIDGE R R C GRAND C EW L ANDREW ST R T COLLEGE PEARSE STREET ST ST D AME COU AME AN D DUBLIN T HIGH STREET S NASSA ESTATE EXCHEQUER ST WICKL U STREET OW S ATION PEARSE STREET T WESTLAND BO CHRISTCHURCH PL YNE STREET . DU CKEN STREET K E GEORGES STREET CASTLE MK WILLIAM ST L A LINCOLN PL MA T NE E T STH L A W CE T COPPERI PINE R R F NG JOHNSON LN DUK ADE S Y S ROW E STR FENIAN ST EET UPPER ENRE ST T SOUTH DOCK UR SE CLARE STREET OAD SHIP STREET GRE UP LANE DUKE TAN FRANCES STREET TA PLAC DR T E STREET PARK LEMON ST CLARENDON STRE HIB WAY FREDRICK ST SOUTH HAR STE WILLIAM ST RY ST PH B T EN CH S ALFE MERRION SQ NO ST L ATH ON STREETANNE ST SOUTH MOLE AT AM WR RO UP LANE DUKE SWO W T RTH CLAREDO ST Shelbourne Park TH PL JOHN AVE W N CHA W STREET MK O THAM S OR T R W T O Greyhond Stadium S GORDON STREET ON T O’HURLEY GRAFT WSON STREE LO PL A MOLES RENDON SCHOOLHOUSE LN RTH DERMO E A WER GRAND CANAL ST AN D ARE STREE L CL T TRICK STREE TRICK EN T KING STREET SOUTH GOLD BARR PA R GRAND C KILD MERRION HOLLES STREET DOCK ST OAD CE BA BRIDGE STREET SQUARE LO TH STREET AS WER MOUNT ST TERRA ST STEPHENS GREEN NO ANAL TTS R MERCER STREET LW ME LU RR ATION PHILOMENA ION SQ SOUTH YORK STREET . ET PETER STRE UNGIER STREE R SOUTH LO WEST TH A MERRION ST UPR ON PLACE THEBISHOP STREET LOCATION B UPPER MOUNT STREET MERCIER STREET MERCIER ST STEPHENS GREEN AGGO VENUE T BATH A STREET ARRINGT W TRIT WER FITZWILLIAM STREET CUFFE ST LO WEXFORD ST ST STEPHENS GREENST STEPHENS GREEN SOUTH Excellent location in the heart of Ballsbridge in ONVILLE ROAD close proximity to a host of amenities including PERCY PLACE LWR BAGGO PETTY LANE ST STEPHENS GREEN EAST SHELBOURNE ROAD NORTHHUMBERLAND ROAD WR C KEVIN ST L AVE the RDS, AMDEN ST L Aviva Stadium, Herbert Park and AVIVA SAND STADIUM NEWBRIDGE T ST. ON ROAD YMOUNT R LEESON STREET LOW Lansdowne RoadHARC Dart Station. The property is IVEAGH HERBERT PLACE WR GARDENS OAD O FITZWILLIAM HADDINGT situated in the centreUR of a parade of high profileSQUA RE OAD T ST MARNIA DRIVE E Y’S R retail properties that include well known traders FITZWILLIAM PLACE ST MAR LANDSDOWNE C AD LAN HATCH STREET L AMDEN ST UPR PEMBROKE GRD ROAD CLANBRASSIL ST such as Paddy Cullen’s Public House, Mary Macs, STATION E R TON TERRACE WIL ARK Ladbrokes and Base Pizza. PEMBROKE ROAD MESPIL ROAD ARNEY P F OAD SOUTH CIRCULAR RThe area enjoys high footfall with a number of PEMBROKE LANE PEMBROKE ROAD BURLINGT ON RD large offices in the location including the AIB ARK CHARLEMONT PLACE EGLIN ROAD OO LN ON ROAD Bank Centre, Embassy House, Simmonscourt OO ROAD TERL TERL BALLSBRIDGE P DARLMOUNTH SQ N SUS WA RAGLAN ROAD WA WELLINGT and SweepstakesCHARLEMONT Buildings MALL as well as benefiting SEX ROAD HEYLESBURY LN from events regularly held in the RDS and Aviva RAGLAN LANE SANDYMOUNT STATION ANGLESEA ROA ANGLESEA WELLINGT ARK stadium. ON LANE YDE ROAD CL YDE LANE CL HERBERT P Morehampton D House 8 Merrion Road Ballsbridge Dublin 4 INVESTMENT DUBLIN 4 OPPORTUNITY THE PROPERTY ACCOMMODATION A mixed use investment consisting of The Net Internal Floor Areas are as follows: ground floor retail with refurbished modern offices overhead which have recently been MOREHAMPTON HOUSE USE SQ. M upgraded to a high specification. Basement Retail Storage 21.8 The Retail unit features a modern shop front with extended rear access with toilet and Ground Floor Retail 77.6 storage accommodation at basement level. First Floor Office 48.6 The overhead comprises 2 floors with Second Floor Office 33.3 5 separate suites and toilet facilities on both floors. The second floor also features TOTAL 181.3 timber decking with magnificent views of Purchasers are specifically advised to independently verify floor / site areas and to the River Dodder and Aviva Stadium. undertake their own due diligence. Tenancy The property is let as follows: Floor Tenant Term Break Expiry Total Rent p.a. Basement Redcoral Catering Ltd 25 years n/a 25/01/2026 €105,000 Retail First Morehampton 25 years 01/02/2018 01/02/2038 €27,500 Second Developments Ltd TOTAL €132,500 INVESTMENT Guiding €2.5 million (subject to contract) which equates to net initial yield 5.0% based on the current rent and assuming standard purchase costs. Title Freehold. VAT VAT will not be chargeable on this sale. Capital Gains Tax (CGT) Purchasers should note that any property purchased in 2014 and held for a minimum of 7 years will be exempt from Capital Gains Tax for that period. BER Details BER Number: 8000318347 Energy Performance indicator - 903.13 kWh/m2/yr CONTACT Kenneth Rouse 20 Merrion Road BNP Paribas Real Estate gives notice that [email protected] these particulars are set out for general Ballsbridge Dublin 4 outline only, for the guidance of intending Purchasers and do not constitute, nor constitute part of an offer or contract. All descriptions, dimensions, references Peter Flanagan Tel: +353 1 661 1233 to condition and other details are given [email protected] Fax: +353 1 678 9981 without responsibility and any intending Purchasers should not rely on them as statements or representations of fact, but must satisfy themselves or otherwise as to the correctness of each of them.